East Africa business news from Kenya, Ethiopia, Tanzania, Uganda, Rwanda and the wider EAC region.
The Rwanda Development Board (RDB) has released its 2024 Annual Report, showing strong economic progress and major wins for the East African country. The report highlights key achievements across investments, …
The Rwanda Development Board (RDB) has announced the renewal of its partnership with French football giant Paris Saint-Germain (PSG) through to 2028. The partnership, originally signed in 2019, has helped …
The inflation rate in Kenya has climbed to 4.1% in April 2025, rising from 3.6% recorded in March. This is according to new data released by the Kenya National Bureau …
The Central Bank of Kenya (CBK) has announced that it will lift the moratorium on the licensing of new commercial banks after almost ten years. This decision, set to take …
A serious land dispute is currently shaking Kenya’s tea industry, as tension rises between local communities and foreign-owned tea estates in Nandi County. At the heart of the crisis is …
DAR ES SALAAM — Tanzania’s current account deficit has dropped significantly to $2.16 billion in the year ending February 2025, down from $2.91 billion in the same period last year, …
The Central Bank of Kenya (CBK) has approved Access Bank Plc, one of Nigeria’s biggest financial institutions, to take full control of the National Bank of Kenya (NBK). This move …
Economists under the Ethiopian Economics Association have advised the government to increase transparency in the foreign exchange market to help reduce the steady fall of the Ethiopian Birr. They warned …
The Ethiopian Investment Commission (EIC) has announced the approval of 40 foreign investment permits in the retail, wholesale, import, and export sectors—sectors that were previously closed to foreign investors. Mr. …
A new audit of the National Bank of Ethiopia (NBE) has revealed serious financial troubles, including massive losses in foreign exchange dealings and gold trading, as well as rising government …
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